32 Cinnamon Cir #32
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 29, 2023 | Sold | ||
| Sold | |||
| Dec 10, 2023 | In contract | - | |
| In contract | |||
| Dec 6, 2023 | Listed by HomeSmart First Class Realty | $440,000 | |
| Listed by HomeSmart First Class Realty | |||
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A CONDO WITH EXPANSION OPPORTUNITY? No kidding. I've sold other units in this complex, which is very well run, btw, and other units have finished the 3rd floor as an office/family room AND finished the basement... nearly 1000sf of additional living space! That would put you up near 2500sf, which is bigger than the average home in the area... and at a much lower cost per square foot. Not to mention all the big projects in the association have been tackled already like roof (2015/2016), new road (2023), garage doors (2021), storm doors (2019), deck staining (2020), front entry (2020), and fence (2019). So no surprise condo assessments... and an extraordinarily reasonable condo fee of $325/mo, which is peanuts compared to most condo associations. So close to Rt 1 and Rt 27. Patriot Place is minutes away. You can be on 95 in 5 minutes. The location is awesome... and you have a garage - condos this size don't typically have one! Needs some work and updating but can be lived in. Won't last.
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
12/06/2023
|
2 Bed
|
2 Bath
|
1418 ft²
|
$440,000
2 Bed
2 Bath
1418 ft²
|
$420,000
-4.55%
12/29/2023
|
Maria Babakhanova
Redfin Corp.
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017